Template:Nutshell 2002 ISDA 5(a)(ii)
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- (1) a party fails to perform any of its obligations other than
- one which would be a Failure to Pay or Deliver (under Section 2(a)(i) or 9(h)(i)(2) or 9(h)(i)(4))
- giving notice of a Termination Event or
- Furnishing Specified Information under Section 4(a)(i) (pre-specified tax documents), 4(a)(iii) (other necessary tax documents) or
- Section 4(d)) (correctness of tax representations)
and doesn’t remedy the failure within 30 days of notice by the other party; or
- (2) aparty repudiates or challenges the validity of, this ISDA Master Agreement, any Confirmation or any Transaction;